Tags:
Great looking daily chart, closed on a green bullish hammer with a tiny bit of a top tick. Hourly showed a bullish divergence and looked very similar to BIDU. Bull flag hourly with a low vol pullback, I bought on the break back above 47.04 and 47.10 was the crucial area to break again if we were to make a new HOD. Stop is the break down of $46.
Intraday 5/30m:
Hourly:
Weekly/Daily:
EXIT:
Morning gap up. SPY was also gapping up and gaining momentum. I wanted to take profits premarket in the 48.80s but quickly realized my fear of losing gains were creeping up. So I stuck to my trading plan. As the trade was nearing 50, I moved my stop up to secure more gains. Before the 49.40, I had a stop loss at 49.18. In hindsight it would have worked and my price target would had hit, but I took the safer route and secured a very nice gain. VERY nice trade, well executed.
Intraday/Daily:
Hourly:
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2018-08-17 14:11:30 | MU | 150 | $47.040 | 150 |
2018-08-21 11:15:09 | MU | -150 | $49.400 | 0 |
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